April 27, 2020
According to the research report titled ‘Global Sodium Carboxymethyl Starch Market Research Report 2020’, available with Market Study Report LLC, global sodium carboxymethyl starch market was worth USD 92 million as of 2020 and is expected to grow with a CAGR of 4.9% over 2021-2026.
For the record, CMS/SCMS (sodium carboxymethyl starch) is an ether derivative of starch which is water soluble at room temperature and forms a transparent to milky viscous solution.
Sodium carboxymethyl starch industry is expected to register momentous growth in the forthcoming years on account of product’s capability of not only being odorless and tasteless but also soluble. The compound is extensively used as an emulsifier, stabilizer, suspending aid, thickener and binder. It acts as protective film as well as enhances the rheological properties. Additionally, the product helps in improving texture, structure and lifecycle of the product. It also offers resistance from micro-organisms and prevents the growth of crystals.
As per the product type, corn starch segment accounted for 65% revenue share in 2018 and is slated to witness continuous growth in the ensuing years. Corn starch is widely used as a thickening agent and possess superior binding properties as compared to its counterparts.
Based on the application spectrum, pharmaceutical sector held 34% share of global sodium carboxymethyl starch market in 2018 and is poised to amass notable gains in the subsequent years.
As per the regional scope, Asia-Pacific sodium carboxymethyl starch industry is expected to register a significant growth rate through 2026. Factors such as rapid industrialization and booming pharmaceutical, food & beverage and textile industries are promoting the business scenario in the region.
Dongda, Huawei Cellulose, Zhanwang, SPAC, Weifang Lude Chemical, Adachi Group, Xian Shan Yuan Agriculture & Technology, Hunan Sentai Biotechnology, Patel Industries, Madhu Hydrocolloids, Allwyn Chem Industries, Roquette and JRS Pharma are the established companies in sodium carboxymethyl starch industry.
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